Answer :
Check kiting is the purposeful transfer of money between two or more bank accounts to give the impression that there is more cash on hand than there actually is.
Elaborate on check kiting.
A type of check fraud called check kiting or cheque kiting (see spelling variations) involves using fictitious cash from a checking or other bank account by taking advantage of the float. Checks are abused in this way to get unlawful credit instead of being utilized as a negotiable instrument.
The term "kiting" refers to the deliberate writing of a check from an account in one bank for a sum greater than the account balance, followed by the writing of a check from an account in another bank with insufficient funds, the second check being used to cover the insufficient funds from the first account. Check kiting is the practice of artificially inflating a checking account's balance to enable the clearing of written checks that would otherwise bounce. Paper hanging is the slang term for fraud that occurs when there are no plans to replenish the account. Playing the float refers to making a cheque with inadequate funds with the idea that the funds will be available by payday.
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